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Stock impact report

Univest Securities, LLC Announces Closing of $15 Million Registered Direct Offering for its Client Chijet Motor Company, Inc. (NASDAQ: CJET) [Yahoo! Finance]

Chijet Motor Company, Inc. - Class A Ordinary Shares (CJET) 
Company Research Source: Yahoo! Finance
and SIPC, and a full-service investment bank and securities broker-dealer firm based in New York, today announced the closing of $15 million registered direct offering (the “Offering”) for its client Chijet Motor Company, Inc. (NASDAQ: CJET) (“Chijet” or the “Company”), an automobile company that focuses on expanding the performance of electric vehicles with minimal environmental / carbon footprint, while also manufacturing, selling and servicing traditional-fuel vehicles. Under the terms of the securities purchase agreement, the Company has agreed to sell to certain investors an aggregate of 100,000,000 of the Company's Class A ordinary share, par value $0.003 per share (the “Shares”) (or pre-funded warrants in lieu thereof) at a purchase price of $0.15 per share in a registered direct offering. The purchase price for the pre-funded warrants is identical to the purchase price for Shares, less the exercise price of $0.003 per share. The aggregate gross proceeds to the Company of t Show less Read more
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